Insight Provider, CrossASEAN Research

Nicolas Van Broekhoven

Insight Provider

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

Equity Bottom-Up

<ul>
<li>
<a href="https://www.smartkarma.com/entities/pc-partner-group-ltd" target="_blank" data-smartkarma-citation="entities:8492:1" rel="noopener">PC Partner (1263 HK)</a> announced it was completing its delisting from HK and moving to Singapore</li>
<li>The move to Singapore was a "life or death" situation for the company, as staying in HK precluded it from having access to Nvidia's latest chips</li>
<li>2026 will be a crucial year to determine PC Partner's future outlook</li>
</ul>



PC Partner (1263 HK) announced it was completing its delisting from HK and moving to Singapore
The move to Singapore was a "life or death" situation for the company, as staying in HK precluded it from having access to Nvidia's latest chips
2026 will be a crucial year to determine PC Partner's future outlook


PC Partner: Delisting in HK on 14 January 2026, Only on SGX Going Forward

<ul>
<li>PC Partner reported 1H25 results, which showed strong revenue growth and flat net margins.</li>
<li>The company is confident it can delist from HK before the end of the year, as it only needs 50% of shareholders to approve the transaction. SGX only listing remaining.</li>
<li>The company is now part of the Nvidia Partnership Network, which could accelerate growth in FY26.</li>
</ul>


PC Partner reported 1H25 results, which showed strong revenue growth and flat net margins.
The company is confident it can delist from HK before the end of the year, as it only needs 50% of shareholders to approve the transaction. SGX only listing remaining.
The company is now part of the Nvidia Partnership Network, which could accelerate growth in FY26.


PC Partner: 1H25 Results Show Progress, To Delist from HK by End of FY25

Smartkarma AI, Smartkarma

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Smartkarma AI

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>
<a href="https://smartkarma.com/entities/pc-partner-group-ltd">PC Partner</a> is strategically delisting from the Hong Kong Stock Exchange to pursue a listing in Singapore, aiming to secure a more favorable strategic alignment and ensure uninterrupted GPU supply from its key partner, NVIDIA.</li>
 <li>The company is navigating significant geopolitical risks, specifically U.S. export controls on advanced integrated circuits, which could impact its access to high-end NVIDIA GPUs and represents a major threat to its growth trajectory.</li>
 <li>Financially, the company exhibits high volatility with strong 5-year growth metrics offset by a challenging recent 3-year period. Revenue and profit recovered in FY24, but margins are under pressure, and the company's valuation is above its historical averages despite a recent stock price decline.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  
PC Partner is strategically delisting from the Hong Kong Stock Exchange to pursue a listing in Singapore, aiming to secure a more favorable strategic alignment and ensure uninterrupted GPU supply from its key partner, NVIDIA.
  The company is navigating significant geopolitical risks, specifically U.S. export controls on advanced integrated circuits, which could impact its access to high-end NVIDIA GPUs and represents a major threat to its growth trajectory.
  Financially, the company exhibits high volatility with strong 5-year growth metrics offset by a challenging recent 3-year period. Revenue and profit recovered in FY24, but margins are under pressure, and the company's valuation is above its historical averages despite a recent stock price decline.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>On the 15th November 2024, personal computer parts and accessories play <a href="https://www.smartkarma.com/entities/pc-partner-group-ltd" target="_blank" data-smartkarma-citation="entities:8492:1" rel="noopener">PC Partner (1263 HK)</a>'s secondary listing, by way of introduction, was effected.</li>
<li>The SGX also granted in-principle approval for the conversion of its secondary listing status to a primary listing. This dual-listing status (SGX + HKEx) took effect on the 20th August.  </li>
<li>In tandem with a SGX free float waiver, PCP will now seek a HKEx delisting. This listing/delisting construct is to ensure the uninterrupted supply of NVIDIAs GPUs.</li>
</ul>


On the 15th November 2024, personal computer parts and accessories play PC Partner (1263 HK)'s secondary listing, by way of introduction, was effected.
The SGX also granted in-principle approval for the conversion of its secondary listing status to a primary listing. This dual-listing status (SGX + HKEx) took effect on the 20th August.  
In tandem with a SGX free float waiver, PCP will now seek a HKEx delisting. This listing/delisting construct is to ensure the uninterrupted supply of NVIDIAs GPUs.


PC Partner (1263 HK): Thoughts On The HKEx Delisting

<ul>
<li>On the 18th June, personal computer parts and accessories play <a href="https://www.smartkarma.com/entities/pc-partner-group-ltd" target="_blank" data-smartkarma-citation="entities:8492:1" rel="noopener">PC Partner (1263 HK)</a> (PCP) announced a SGX listing was under consideration; and a <a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0618/2024061800917.pdf" target="_blank" rel="noopener">possible withdrawal of the HKEx listing</a>.</li>
<li>PCP's<a href="https://www1.hkexnews.hk/listedco/listconews/sehk/2024/0830/2024083002822.pdf" target="_blank" rel="noopener"> 30th August announcement</a> provided clarity on a step-by-step approach for the HKEx withdrawal. I recently held zooms with the SFC and SGX for added clarification.</li>
<li>PCP's exchange relocation is predicated on PCP's operational expansion into new markets, in particular, Southeast Asia. How and when the SGX becomes the preferred trading exchange  remains an unanswered question. </li>
</ul>


On the 18th June, personal computer parts and accessories play PC Partner (1263 HK) (PCP) announced a SGX listing was under consideration; and a possible withdrawal of the HKEx listing.
PCP's 30th August announcement provided clarity on a step-by-step approach for the HKEx withdrawal. I recently held zooms with the SFC and SGX for added clarification.
PCP's exchange relocation is predicated on PCP's operational expansion into new markets, in particular, Southeast Asia. How and when the SGX becomes the preferred trading exchange  remains an unanswered question. 


PC Partner (1263 HK): Goodbye Hong Kong; Hello Singapore

Hong Kong

PC Partner Group Ltd. is principally engaged in the design, development and manufacture of video graphics cards. The Group manufactures various electronics components and products for customers under its electronics manufacturing services division and also manufactures other personal computers related products.

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PC Partner (1263 HK)

PC Partner: Delisting in HK on 14 January 2026, Only on SGX Going Forward

PC Partner (1263 HK) completes delisting from HK, moves to Singapore for access to Nvidia chips, 2026 crucial for future outlook.

Nicolas Van Broekhoven

PC Partner: 1H25 Results Show Progress, To Delist from HK by End of FY25

PC Partner reports strong revenue growth in 1H25, aims to delist from HK with 50% shareholder approval and eyes growth through Nvidia Partnership...

Nicolas Van Broekhoven

Primer: PC Partner (1263 HK) - Sep 2025

PC Partner is strategically delisting from the Hong Kong Stock Exchange to pursue a listing in Singapore, aiming to secure a more favorable...

αSK